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The City of Steamboat has published the final January 2014 Sales, Use, and Accommodation Tax Report. (See the Full Report.)
Also, the January 2014 Mountain Communities Report is available. (See the Mountain Communities.)
The City of Steamboat has published the final January 2014 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’ January sales taxes are 7.64% more than the January 2013 collections, a difference of $146,749. Increases were seen in the lodging and amenities, sporting goods, restaurant and liquor store categories. The largest increase was a 22.08% increase in lodging and amenities followed by a 13.23% increase in liquor stores and a 12.64% increase in restaurants.
Collections by area highlights include an increase of 20.41% for the Mountain area and an increase of 6.65% for the Downtown area over January 2013.
Accommodation Tax, with the passing of referendum 2A, is now primarily dedicated to local trail projects and Yampa Street improvement. Additionally, a small amount is dedicated towards the marketing of these projects and capital improvements at Haymaker. January collections saw an increase of 22.49%, or $22,532, over January 2013.
The Local Marketing District Air Service Sales Tax, with a rate of .25%, saw an increase of 7.72% over January 2013. This tax began January 1, 2012 and is held separately from the City of Steamboat Springs sales tax.
Building Use Tax is used to fund capital projects for the City of Steamboat Springs. This tax fluctuates depending on building permits issued, use tax audits completed, and the size and number of developments in the City. January 2014 showed an increase of $4,690 over January 2013.
For more information please contact Sue Davies, Budget and Tax Supervisor 970-871-8251.